The project is situated in Australia’s Pilbara region
BP acquires controlling stake in Australian renewables project
Oil major buys 40.5pc share in Australian Renewable Energy Hub, which will supply power to local mines and produce green hydrogen and ammonia
BP has acquired a 40.5pc equity stake in and become operator of the Asian Renewable Energy Hub (AREH)—a planned 26GW onshore wind and solar project in Australia that will also produce green hydrogen. AREH, in the Pilbara region of Western Australia (WA), was first proposed in 2014 and developed by green hydrogen firm Intercontinental Energy, renewables developer CWP Global and financial services firm Macquarie Capital, which will retain a 26.4pc, 17.7pc and 15.3pc share in the project respectively. Danish wind firm Vestas has sold its stake. The project intends to supply renewable power to local mining firms and produce either 1.6mn t/yr of green hydrogen or 9mn t/yr of green ammonia from 14
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
